ENTREP 3RD REVIEW

A person who coordinates, operates, and assumes the risk of  a business venture.

• Innovator

• Entrepreneur

• Businessman

• Coordinator

What business term is synonymous to an Entrepreneur?

• Customer

• Client

• Employee

• Owner

What term refers to create new business through economic and innovative activities to turn new ideas to breakthrough solutions?

• Entrepreneurship

• Business Process Enterprise

• Entreprendre

• Business Enterprise

Which of the following terms is the process/act of introducing new ideas, devices, or methods to an organization?

• Technology

• Modernization

• Invention         

• Innovation

Which of the following terms refers to all activities involved in securing new and additional resources for your organization that involve making better use of, and maximizing, existing resources?

• Innovation 

• Resource Mobilizing

• Encountering risk and uncertainties

• Opportunity seeking and exploitation

Which of the following phrases best describes an entrepreneur?

• risk taker

• conservative

• old-fashioned

• conventional

Which of the following stimulate work development and employment opportunities?

• Carries social advantages to the individuals

• Improves personal satisfaction

• Creating new job openings

• Grow new markets

When does a business be considered as self-bound?

• The person managing its daily activities is also the owner

• When the person hire someone with expertise to manage the business

• Business that are being managed by others for the benefit of the owners

• It is about the size of the business, but rather about the amount of capital.

How can you say that an entrepreneur is innovative?

• When an entrepreneur takes taking a strategic, forward-thinking approach to problem-solving and decision-making and are more likely to succeed in the long run by anticipating challenges and opportunities

• When an entrepreneur must have the personality to be obeyed by his employees.

• When an entrepreneur must have the ability to be the first to see business chances.

• When the entrepreneurs have bright business ideas and they do not stop improving and thinking of new worthwhile ideas for their business

Who is NOT consider as an entrepreneur and why?

• Andrea, because she is managing the business her parents started.

• All of them can be consider as entrepreneur because they are earning money.

• Kathryn, because among the three of them she has the most successful career.

• Julia, because she owns and manages her own business